Streetbeat News

Revenues

CHTR

DIS

VZ

Benchmark analyst Matthew Harrigan has maintained a Buy rating for Charter Communications Inc (CHTR) and raised the price target from $575 to $600. The analyst's positive stance is based on Charter's new programming template with Walt Disney Co (DIS), the upcoming launch of the Xumo Stream Box, and the upgrade of Charter’s network to multi-gig symmetrical speeds. Harrigan expects Charter's 3Q23 total sales to increase 1.1% to $13.71 billion, with EBITDA up 1.3% to $5.48 billion. He also estimates Charter gained 61K residential broadband customers in 3Q23.

Portfolio Pulse from Anusuya Lahiri

October 18, 2023 | 5:36 pm

UAL

United Airlines executive stated in a conference call that the company expects to fly a similar level of capacity in 2024 as in 2023.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 2:59 pm

STLA

Stellantis has introduced Pro One, a strategic offensive to boost its global leadership in the commercial vehicles sector. The strategy includes a complete lineup of renewed connected vans, four electrified pickup trucks over the next two years, and a new hydrogen solution. The company aims to have all new vans and pickup trucks connected by the end of 2023. The Commercial Vehicles Business currently accounts for one-third of Stellantis' net revenues, and the Pro One strategy is expected to help double these revenues by 2030.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 2:06 pm

PRPO

Precipio, Inc. (NASDAQ:PRPO) has announced a 28% increase in Q3-2023 revenues to $4.5M, up from $3.5M in Q2-2023, and more than double the $2.2M from Q3-2022. The company attributes this growth to its pathology and products divisions, as well as efficiency and cost reduction initiatives. The company is approaching a $20M run rate and expects its operating cash flow to approach breakeven.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 1:07 pm

RCEL

AVITA Medical has reported preliminary Q3 revenue of $13.5M, slightly above the estimated $13.45M.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 1:05 pm

MS

Morgan Stanley's CEO has stated that the company's M&A announcements will translate into revenue in the first and second quarters of 2024.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 1:00 pm

FXI

PG

SPY

P&G's CFO has reported that the company is experiencing soft and choppy market growth in China due to weak consumer confidence. However, in the U.S., the company's volume share has increased by 60 basis points, reflecting a 3% volume growth.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 12:48 pm

SPY

The number of building permits issued in September was 1.473 million, higher than the estimated 1.455 million.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 12:30 pm

NYAX

Nayax Ltd. has announced that the ongoing war in Israel has not materially disrupted its business operations. The company's internal analysis concluded that there are no current or expected material interruptions to its business continuity, supply chain, sales of products or services, backlog of orders or employee productivity. Only approximately 8% of its revenues are derived from Israel, and such revenues are not currently expected to be materially impacted by the war.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 12:15 pm

SPR

Spirit AeroSystems anticipates an increase in revenue of approximately $395M in aggregate for the years 2024-2025. This is due to the combined impact of recurring shipset pricing adjustments for the 787 and 737 models.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 11:47 am